Capital Accounting Analyst

At the MBTA, we envision a thriving region enabled by a best-in-class transit system. Our mission is to serve the public by providing safe, reliable, and accessible transportation. MBTA’s Core Values are built around safety, service, equity, sustainability, and culture. Each employee that works for the MBTA performs their roles based on our vision, mission, and values. This includes attendance, participation, and contribution in local safety committee meetings as needed.

Job Summary

The Capital Accounting Analyst assists in the accounting and analysis of expenditures related to the Authority’s Capital Investment Plan (CIP) and the accounting treatment of the various funding sources including federal, state, and bond. This position will be responsible for participating in federal grant and state contract management duties including reviewing expenditures, processing requests for reimbursements and complying with Federal reporting requirements. A critical aspect of this position will be focused on the fixed asset accounting of more than $22B of assets, audit requests and maintaining policies and procedures.

Duties & Responsibilities

• Record the monthly transfer of capital expenditures to the Construction Work in Progress Account (CWIP).
• Record the transfer from CWIP to Fixed Assets for additions and update the Fixed Asset Register accordingly.
• Process fixed asset dispositions and liaise with the FTA.
• Update the Authority’s fixed asset database in the Oracle PeopleSoft Financial Management Information Systems (FMIS) with additions and dispositions and reconciled with the Fixed Asset Register and General Ledger.
• Assist in the annual physical inventory process, create the physical inventory list and reconcile with the Financial Management Information Systems (FMIS) database.
• Prepare the Capital paylist report ensuring accuracy of data on the Authority’s Capital Management System (CMS) and Financial Management Information Systems (FMIS).
• Process Federal Drawdowns and maintain appropriate records and input this information into the Capital Management System (CMS) and Financial Management Informational Systems (FMIS).
• Analyze monthly expenditure reports for appropriate billing of labor and overhead costs.
• Process State Contract billings for funds that are advanced or on a reimbursement basis.
• Process adjustments and transfers, prepare various statements of cash expenditures, and reconcile these statements to other authorities or governmental agencies as required.
• Prepare journal entries and assist with monthly general ledger account reconciliations.
• Assist with the quarterly accrual process.
• Assist in the preparation of the Federal Financial Reports submitted quarterly to the Federal Transit Administration (FTA) and other transit agencies.
• Assist in external audits that are required by different governmental agencies and the annual audit of the Financial Statements.
• Develop and maintain policies and procedures in compliance with governmental agency requirements.
• Respond to each inquiry, from customer, vendor, or co-worker in a courteous and professional manner.
• Perform all other duties and projects that may be assigned.

Minimum Requirements & Qualifications

• Bachelor’s degree from an accredited institution in Business, Accounting or other related field.
• Two (2) years of experience in capital accounting and/or fixed assets accounting.
• Effective organizational, analytical, record keeping, multi-tasking and time management skills.
• Strong attention to detail and strict adherence to deadlines.
• Proficient in Word, Excel, Databases, ERP and Financial Management & Reporting systems.

Substitutions Include

• A High School Diploma or GED with an additional seven (7) years of accounting related experience substitutes for the bachelor’s degree requirement.
• An associate degree from an accredited institution and additional three (3) years of accounting related experience substitutes for the bachelor’s degree requirement.
• A master’s degree in a Business, Accounting or other related field substitute for two (2) years of general experience.
• A nationally recognized certification, or statewide/professional certification in an accounting related field substitutes for one year of experience

Preferred Experience and Skills

• Bachelor’s degree from an accredited institution in Accounting.

Job Conditions:

• Ability to effectively read, comprehend, communicate, and respond to instructions, orders, signs, notices, inquiries, etc. in English.
• Be at least eighteen (18) years of age, except if participating in an approved high school internship / co-op program.
• Ability to commute to assigned work locations in the Boston, MA metro area, as required by the role.
• Ability to provide internal and external customers with courteous and professional experiences.
• Ability to work effectively, independently, and as part of a diverse workforce team (or supervise, if required).
• Ability to uphold the rights and interests of the MBTA while building and maintaining effective relationships with employees and co-workers.
• Ability to adhere to rules, regulations, collective bargaining agreements (if applicable), and policies of the MBTA, including the EEO, anti-discrimination, anti-harassment, and anti-retaliation policies.
• Have a satisfactory work record for the two (2) years immediately prior to the closing date of this posting (unless if current student or recent graduate), including overall employment, job performance, discipline, and safety records (infractions and/or offenses occurring after the closing of the posting and before the filling of a vacancy may preclude a candidate from consideration for selection).
• Ability to pass a Criminal Offender Record Information (CORI) check, comprehensive background screening, and / or medical Clinic screening, potentially including physical examination and drug and alcohol screenings.
• Ability to work all shifts and / or locations assigned, directed, or necessary for this position, including (for some transit / operations roles) up to twenty-four (24) hours per day, seven (7) days per week as necessary to accommodate severe weather conditions, emergencies, or any other circumstances that may potentially impact service or the safety of service.
• Intern / co-op staff must be enrolled full or part-time in an accredited educational program and maintain a cumulative GPA of at least 2.5 for the entire duration of the internship / co-op. Additionally, interns / co-ops must have valid work authorization and U.S. Social Security Number prior to starting pre-employment screenings / pre-boarding, working in their positions, and throughout the duration of their program.

Disclaimers and Definitions:

• General Disclaimer: The statements contained in this job description are intended to describe a summary, general nature, and complexity of typical job functions and do not represent an exhaustive list of all duties, tasks, and responsibilities required of staff assigned to this position.

• Application Completion: It is each applicant’s responsibility to ensure application details are entered completely and correctly, including updated work and education histories (past and current). Incomplete applications may not be considered. Attachments do not substitute for application fields. The recruitment team does not have access to existing employee data / history.

• Application Deadlines: Applicants should apply as soon as possible, as the MBTA may stop considering applicants after a sufficiently large applicant pool is established.

• Work Environment: The physical demands and work environment characteristics described here-in are representative of those an employee may encounter while performing the essential functions of this job. Reasonable accommodations can be made to enable individuals with disabilities to perform essential functions. See job description for role-specific requirements.

• Work Eligibility: All employees must be legally authorized to work in the United States and on an unrestricted basis. The MBTA does not have an employer work sponsorship program. However, if you have unrestricted work authorization, or are sponsored by a separate entity, you are welcome to apply. Further, all persons hired will require a U.S. Social Security Number prior to starting the position and employees will be required to complete a Form I-9 to verify their identity and eligibility to work in the U.S.

• Interviews: Candidates should ensure they arrive on time, are prepared, can remain for the duration, and if remote, are in a quiet place without distraction, for the interview. Candidates who do not attend their interview without advance authorization, including an email confirmation of a rescheduled time/date from Human Resources, will be considered a no-show and disqualified from consideration for the position. Related to rescheduling, on a one-time basis, and due to something emergent, you may be allowed to reschedule the interview. In addition, Human Resources may require documentation supporting the request. However, should you need to reschedule, you will need to contact your Recruiter directly by email.

• Safety Sensitive Positions: Employees working in this classification will be subject to periodic physical examinations plus random drug and alcohol testing.

• On-call or 24/7 Positions: Employees working in this classification must be available to respond to page / text / call and report to work as determined by assigned department or the Authority.

• Essential / Emergency Staff: During declared "states of emergency," employees working in this classification are required to report to work for their assigned work hours or as directed by management.

• ADA Accommodations: The MBTA makes reasonable accommodations for applicants with disabilities. If you require an accommodation during this process, please contact the MBTA's ADA Unit at 617-222-5751 or [email protected].

• Diversity, Equity, and Inclusion: The MBTA is an Equal Employment Opportunity Employer. For terms, descriptions, and definitions related to diversity, equity, inclusion, veteran status, and immediate family members that you may find on the application form, please visit mbta.com/careers-app-definitions.

• Intern / Co-Op Benefits: Employees taking part in an internship or co-op at the MBTA are eligible to receive accrued paid sick leave as well as a monthly transportation pass, based on the city from which the intern / co-op commutes to work, at no cost. However, no additional benefits are currently offered for interns or co-ops.